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Elon Musk: Tesla will make cars in Berlin



In a tweet Tuesday, Tesla's billionaire chief Elon Musk said the plant would build batteries, powertrains and vehicles, "starting with Model Y."

The relocation takes the large electric car to Volkswagen & # 39; s [19659003] ( VLKAF ) backyard. The German car giant has made the most aggressive move from traditional car companies to electric vehicles, announcing plans to invest € 30 billion ($ 33 ​​billion) to electrify its entire product range over the next four years.

Volkswagen has just started making its new ID.3 electric car series and recently announced an agreement with Sweden's Northvolt to build a gigantic battery factory in Germany.

Tesla ( TSLA ) has already laid out construction, operating, engineering and production jobs for the factory in the German capital.

This is an evolving story and will be updated.


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